When you sign a rental agreement via Qasa, we help secure your deposit.
- Three-month deposit
- What does deposit-free rental mean?
- What happens with the deposit at the end of the rental period?
Three-month deposit
A deposit is an amount of money that the tenant pays as security for rental loss or any damages that may occur during the rental period. All rentals on Qasa are covered by a three-month rent deposit. Our partner Keyhole will create a deposit account for both of you where the deposit will be held during the rental period, making it easier for you as the landlord and safer for the tenant.
If the tenant has an approved credit check, our partner guarantees the deposit (we call it Deposit-Free). It's nothing you need to worry about; as the landlord, you are always covered regardless.
Your rental is also insured to protect you from any damages of a more expensive nature.
What does deposit-free rental mean?
When the contract is signed an automatic credit check is performed on the tenant. If the credit check is approved they don't need to pay a deposit before moving in (but are still obliged to cover costs for damages and missing rent during the tenure). You can see if the credit check was approved by going to the "My rentals" page after the contract was signed.
Qasa's partner carries the credit risk for these deposits. If you have a deposit claim at the end of the rental period, you will be reimbursed directly through Qasa, and the tenant will be invoiced accordingly.
This is a way to make the rental market a bit fairer and more accessible. To rent without a deposit, the tenant must have an approved credit check.
What happens with the deposit at the end of the rental period?
If there are any discrepancies by the end of the rental, you can make a claim for the deposit. To make the claim, simply contact our support team who will reach out to the tenant and make an objective evaluation.